SBA

Industry group urges reopening of SBA, citing impact of shutdown

01/22/19

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

[more]

The shutdown's impact on financial services

01/13/19

Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders.

[more]

Alternative lenders try to fill void left by shutdown

01/11/19

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

[more]

Banks are feeling effects of shutdown: ABA

01/11/19

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.

[more]

Government shutdown grinds SBA lending to halt

01/08/19

The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.

[more]

Hope Bancorp moves to shutter branches, hold SBA loans

12/28/18

The branch closures will reduce overhead by an estimated $1.9 million a year.

[more]

SBA's biggest lender is overhauling its business model

12/14/18

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.

[more]

Lawmakers join opposition to SBA poultry lending plan

12/05/18

Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers.

[more]

Bankers mobilize against SBA proposal on poultry lending

11/19/18

Lenders fear the agency's rule could make most poultry producers ineligible for 7(a) loans.

[more]

Veterans aren’t getting the loans they need to start a business

11/09/18

Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed.

[more]